The rent prices in real estate in Berkeley Heights, in the New Jersey region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Berkeley Heights has had a strong fall during the last 6 months. In July, the average price per sq.feet was $95. In the following month the price per sq.feet fell considerably to $2.14. The price for the following two months in (September, October) had a considerable fall of 5 with regard to the previous two months. The price per sq.feet has had a considerable fall of 9 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $25.4 to $2.18 during November, and December.
When referring to the price in Berkeley Heights (cities), this has fallen considerably in the last 6 months. The average price for July is $2,477. During August the price had a considerable fall till $2,038. During the following two months (September, October) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,112.5 and $2,019 between November and December.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,175 they are 18 % more affordable than the average price for Berkeley Heights . The properties with the lowest average price have 2 bedrooms, Their price is 3 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,989.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % more affordable than the average price of ($2 / sq.feet) in Berkeley Heights. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.
According to average price per property type in Berkeley Heights, "" priced at $1,989 is 9 % lower than the average price ($2,175) in this city.